“Italy will not renew its long-term gas import contract with Algeria”, Italian Minister of Economic Development, Carlo Calenda, announced on Thursday.
This letter has been provided for a “real deficit”, estimated at 14 billion cubic meters, Italy’s gas supply for 2019-2020.
“In 2019, the Algerian-Italian gas pipeline contract will expire, and the volumes of our key supplier will, in any case, collapse for several reasons, including the increase in local demand, “said Carlo Calenda, in a statement reported by the Italian media Il Sole 24 Ore.
“In 2020, Italy will turn to long-term contracts with Netherlands, and then with Norway in 2026”, the same official said.
Calenda has assured that the case of his country’s supply will be discussed at the next Group 7 summit (G7).